Green Finance Center Development Strategy
The Hong Kong Financial Services and the Treasury Bureau (FSTB) releases a speech at the 2025 Green Finance Association Forum, summarizing the green finance center development strategy.
Hong Kong is a leading green finance center in Asia, with a total green and sustainable bond market size of 43 billion US dollars in 2024, accounting for 45% of the total size of the region. It has been the center of green bonds in Asia for seven years.
Related Post: Hong Kong Monetary Authority Releases Sustainable Finance Action Agenda
Introduction to Green Finance Center Development Strategy
To maintain Hong Kong’s position as a green finance center in Asia, the Hong Kong Financial Services and the Treasury Bureau plans to adopt the following strategies:
- Promoting market development: As of June 2025, Hong Kong has issued HKD 240 billion in green bonds under the Government Sustainable Bond Program, supporting 116 local projects. The Hong Kong Stock Exchange is operating the Core Climate international carbon market and is the only international voluntary carbon credit platform that offers settlement in HKD and CNY. The Hong Kong Taxonomy for Sustainable Finance will be launched in 2024, covering 12 economic activities for the first time and planning to expand its classification scope.
- Promoting financial innovation: Hong Kong has launched the world’s first government issued tokenized green bond and the first multi-currency digital bond, showcasing its position in green finance and fintech. The Hong Kong Green Fintech Map is updated in 2025, outlining green fintech companies and their services. In 2024, Hong Kong launched the Green and Sustainable Fintech Proof of Concept Funding Support Scheme, with 60 projects currently approved.
- Enhancing sustainability transparency: In December 2024, Hong Kong released the Roadmap on Sustainability Disclosure, which outlines the development path for sustainability disclosure standards. HKEX has issued climate information disclosure requirements, which will gradually be included in listed companies starting this year. Hong Kong is promoting climate and environmental risk questionnaires for non-listed companies and small and medium-sized enterprises.
- Nurturing talent and enhancing data: As of July 2025, the Hong Kong Green and Sustainable Finance Capacity Building Pilot Program has approved 7600 applications and will be extended until 2028 to promote the development of green talents. Hong Kong has also launched a physical risk assessment platform to support the development of sustainable financial and technological solutions.
Reference:
Hong Kong Green Finance Hub Four-Pillar Strategy
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